What have you got for me?
Hey everyone, I'm a newbie to BetAngel and Betfair trading. I'm trying to wrap my head around the best ways to trade favourites, but I know it's not as simple as it seems. Any tips for a beginner to avoid common mistakes and build a solid strategy? Appreciate any advice!
welcome medara.. i'd say, strategy 1st, tool 2nd. in other words, you really need to have some sort of idea on what you want to achieve thro using BA, rather than looking for angles as a result of using BA.
however, on a more basic level, i'd say:
1. determine whether you'll be a manual or automated trader (based on skill sets)
2. scan previous threads, especially some of the longer established threads, to see what previous n00bs had asked and what had been given as advice
3. screen record any ideas and make notes either verbally or written down regards what you are doing at the time
4. accept that losses are part of the "work expenses" but obviously be aware that you don't work for free
5. avoid at all costs any automations you may find that are described as "martingale" strategies
there are a ton more, but until you profile your experience and goals, the above vague list is a starting point.
good luck...
however, on a more basic level, i'd say:
1. determine whether you'll be a manual or automated trader (based on skill sets)
2. scan previous threads, especially some of the longer established threads, to see what previous n00bs had asked and what had been given as advice
3. screen record any ideas and make notes either verbally or written down regards what you are doing at the time
4. accept that losses are part of the "work expenses" but obviously be aware that you don't work for free
5. avoid at all costs any automations you may find that are described as "martingale" strategies
there are a ton more, but until you profile your experience and goals, the above vague list is a starting point.
good luck...